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Muthukkuvial Deposit

learn more about our reinvestment plan
Muthukkuvial Deposit - learn more about our reinvestment plan

Learn more about the Flagship Reinvestment Scheme from TMB.

This is among our most popular reinvestment plans earning a higher rate of interest on your savings. Further, loans against such deposits are provided. Deposits can be made for periods ranging from 12 months to 10 years. Nomination facility is also available. Complete details of the scheme is documented below.

Product Highlights:

  • Account can be opened with a minimum deposit of Rs.1,000/- and in multiples of 1000's.
  • Deposit amount is accepted for the minimum period of 12 months and for a maximum period of 120 months in completed quarters.
  • Nomination facility is available.
  • Compound interest is eligible, depending upon the period of deposit.
  • Premature closing is allowed, subject to penalty.
  • Loans can be obtained against the deposit amount.

Maturity Value Calculator:

An investment of Rs. 1,000.00 at 9.25% p.a. compounded quarterly interest rate for 57 months will give you a maturity value of Rs. 1,544.00. The Effective Annualized Returns works out to 9.576% p.a. This interest rate is applicable from May 08, 2008 and is subject to change without notice.

Download the Application Form:

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